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. let me play for you what he said on npr himself today. >> we have to make tough decisions on things like defense spending el arizona well as domestic spending but we also have to have more revenues. with that acknowledgement that we need a balanced approach, that republican leaders on capitol hill are going to be willing to engage in the kind of compromise that can resolve this problem. >> mr. steele, a balanced approach, we've got to have some revenues. republicans have got to be willing to compromise. >> yeah. >> i mean, can your party get it together and understand that they cannot put it all on grandma's back? >> well, yes and they're not. and i think to dana's point, the interesting thing about what the clip you just played of the president, is that he wasn't necessarily talking about right now. remember, there is now washington has come to the conclusion that this is going to be a two-step process. the first is to get something done by august 2nd and the second piece will get into the real deep substance of what the longer term effort is going to be. i think this is a very int
not to vote to raise the debt ceiling. but even norquist now has told npr he's in favor of raising the debt ceiling in return for spending restraint. do but regret signing that pledge? >> the pledge in question is a pledge not to raise taxes. the problem in washington is they spend too much. and that needs to be the solution. we've got to attack the overspending. >> do you see repealing tax cuts the same as raising taxes? >> the house republican budget actually proposes to rid ourselves of quite a few loopholes and lower the rate and have a net no new revenue. but republicans aren't against new revenue. we do that by getting washington off the backs of job creators across america and get this economy going again. we have a problem. the economy is going the wrong way. send spending is going up. the president has to request a huge debt increase. >> that's all happening under the bush era tax cuts. you're arguing that those tax cuts are what sparked job creation, we know we've seen the highest unemployment rate in generation under those bush era tax cuts. we know that american corporations are
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